Accordion Lender definition

Accordion Lender means an existing Lender or a proposed new Lender that has agreed to accept an Individual Commitment with respect to the Credit Facility designated in an Accordion Notice delivered to the Administrative Agent pursuant to and in accordance with Section 2.4(a).

Accordion Lender shall have the meaning assigned to it in Section 1.05(e).

Accordion Lender has the meaning given to that term in Clause 2.3 (Additional Commitments).

Examples of Accordion Lender in a sentence

• The Credit Agreement shall, henceforth from the date of the execution and delivery of this Accordion Agreement, be read and construed as if the Accordion Lender were party to the Credit Agreement having all the rights and obligations of a Lender under the Credit Agreement having the [Commitment/Applicable Percentage of the [Revolving /Wholesale Flooring/Used Vehicle Flooring/Wholesale Leasing/Daily Rental] Facility Limit] set out in paragraph 2 below.

• The Accordion Lender represents and warrants to each of the other parties to the Credit Agreement that it has been provided with a copy of the Credit Agreement.

• Accordingly all references in any Credit Documents to (a) any “Lender” shall be treated as including a reference to the Accordion Lender and (b) the Credit Agreement shall be treated as a reference to the Credit Agreement as supplemented by this Accordion Agreement to the intent that this Accordion Agreement and the Credit Agreement shall be read and construed together as one single agreement.

More Definitions of Accordion Lender

Accordion Lender has the meaning given to that term in Clause 2.2 (Accordion) of the Facilities Agreement.

Accordion Lender means a Lender or a proposed new Lender listed in Schedule I, Schedule II or Schedule III of the Bank of Act (Canada) that has agreed to accept an additional Individual Commitment with respect to the RT Facility or an initial Individual Commitment with respect to the RT Facility designated in an Accordion Notice delivered to the Administrative Agent pursuant to and in accordance with Section 2.6(a).

Accordion Lender means an Increasing Lender or a New Accordion Lender.

Accordion Lender has the meaning given to that term in Clause 2.2 (Accordion) of the 2017 Credit Agreement.

Accordion Lender means any Lender or any bank, financial institution, trust, fund or other entity which has agreed to make available Accordion Commitments in accordance with Clause 2.5 (Accordion Facility).

Accordion Lender means a Lender or a proposed new Lender acceptable to the Administrative Agent and the Issuing Lenders, acting reasonably, that has agreed to accept an additional Individual Commitment with respect to the Credit Facility or an initial Individual Commitment with respect to the Credit Facility designated in an Accordion Notice delivered to the Administrative Agent pursuant to and in accordance with Section 2.6.

Accordion Lender has the meaning given to that term in Clause 2.3 (Additional Commitments); Accounting Principles means, in relation to the Company, US GAAP or IFRS; Additional Commitment means: